Market Forecast
The Global Diagnostic
Electrocardiograph (ECG) market 2020 is touted to secure a value
of USD 10.48 billion by 2025 and is projected to mature at a growth
of 6.72% over the review period.
Market Synopsis
The growth of the global market for
diagnostic electrocardiographs (ECG) will lead to the growing prevalence of
cardiovascular diseases, rising geriatric population and evolving healthcare
infrastructure. In addition, the rising incidence rate of lifestyle diseases,
technological advancements in wireless tracking & wearable devices, and
industry players' growing R&D spending on developing novel ECG devices are
also expected to boost industry growth during the forecast period.
The lack of trained practitioners,
instability in market penetration and economic conditions and inconsistent
reimbursement policies, however are expected to restrain the growth of the
global diagnostic electrocardiograph (ECG) market.
Segmental Analysis
The global diagnostic ECG market has been
segmented based on the product type, lead type, and end user.
The global diagnostic electrocardiograph
(ECG) market, depending on the product type, has been segmented into ECG
resting devices, ECG stress devices, implantable loop recorders, handheld
cardiac telemetry devices, event monitors, Holter monitors, and smart ECG
monitors. Due to its high use in hospitals around the world, the Resting ECG
devices segment held the largest market share in 2018.
The market was segmented by lead form into
12-lead ECG devices, 5-lead ECG devices, 3-lead ECG devices, 6-lead ECG
devices, and one-lead ECG devices. Due to their growing usage in a variety of
cardiac diagnostic tests, the 3-lead ECG devices segment is touted to rise at
the fastest CAGR during the forecast period.
The end-user-based industry was segmented
into hospitals & clinics, outpatient surgical centres, and others. The
section of the outpatient surgical center is expected to display the fastest
growth during the forecast period because of its growing popularity in
developing countries.
Regional Overview
Geographically, the global diagnostic ECG
market is studied under five different regions namely, North America, Asia
Pacific, Latin America, Europe, and MEA.
Due to the increasing need for minimally
invasive procedures, North America has represented the largest share of the
diagnostic ECG market in the past few years. The significant proportion of this
geographic segment can be attributed to the growing prevalence of CVD, the
emergence of advanced healthcare services , high disposable income , high
demand for medical devices and advances in technology.
It is anticipated that Asia Pacific will
report the highest growth over the review period. Factors such as a growing
geriatric population, a growing incidence of chronic diseases and rising
government spending on health care are expected to drive the te market over the
review period. In addition , the large population base, healthcare reforms for
infrastructural development, and increasing demand for advanced technology to
expand healthcare facilities in emerging economies are also projected to fuel
regional market growth. In addition , rising expendable income, advancing healthcare
infrastructure as a result of growing technological integration and less
stringent regulations also drive demand for ECG diagnostic devices in the Asia
Pacific region.
Competitive Dashboard
Some of the major players in the
Global Diagnostic Electrocardiograph (ECG) Market are
Koninklijke Philips N.V. (Netherlands), Hillrom Services, Inc. (US), Spacelabs
Healthcare (US), Nihon Kohden Corporation (Japan), Shenzhen Mindray Bio-Medical
Electronics Co., Ltd (China), Schiller (Switzerland), General Electric Company
(US), ACS Diagnostics (US), Fukuda Denshi (Japan), BPL Medical Technologies
(India), BTL (US), Edan Instruments, Inc. (China), Cardioline SpA (Italy),
Norav Medical (US), Innomed Medical Inc. (Hungary), and VectraCor, Inc. (US). The global market for
diagnostic electrocardiographs (ECG) is highly competitive and the major
players have used various approaches such as new product releases, extensions,
alliances, joint ventures, collaborations, acquisitions and others to expand
their footprints in this market.
Read More @ https://www.marketresearchfuture.com/reports/diagnostic-electrocardiograph-market-8787
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